If a vacation home is classified as primarily personal use (i.e., rented for fewer than 15 days), none of the related expenses can be deducted.

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If a vacation home is classified as primarily personal use (i.e., rented for fewer than 15 days per year), the owner cannot deduct rental expenses, but they also do not have to report the rental income. Expenses like mortgage interest and property taxes may still be deductible on Schedule A if the taxpayer itemizes deductions.

If a Vacation Home Is Classified as Primarily Personal Use